Common use of Currency and Payment Clause in Contracts

Currency and Payment. In this Agreement, unless specified otherwise: (1) references to dollar amounts or “$” are to Canadian dollars; (2) any payment is to be made by way of wire transfer, to an account designated by Vendor in writing to Purchaser, or designated by Purchaser in writing to Vendor, as the case may be, or by any other method agreed by Purchaser and Vendor (other than cash payment) that provides immediately available funds; and (3) except in the case of any payment due on the Closing Date, any payment due on a particular day must be received and available by 2:00 p.m. on the due date and any payment received and available after that time is deemed to have been made and received on the next succeeding Business Day.